Call Support +91-85588-96644

Exam Categories

International Tests

View More

Defence & Para Military

Assessment-I

View More

Assessment-II

View More

Placement & IT Sector

Assessment-III

View More

Aptitude/GK/Vocational Skill Tests

View More
TCYonline

Login

Sign Up

Please enter a Username or Email ID
Please enter a password
Keep me logged in
Forgot Password?
Please enter your name
Please enter your mobile number
You can't leave Captcha Code empty
By submitting this form, you agree to the Terms & Privacy Policy.
Already Registered? Login Here
OR

Sign Up via Facebook

Sign Up via Google

Sign Up via Twitter

Download Software
Tests given

Download TCY App

App Image
Subscribe to Unlock Test Prep Material close
Choose Exam Category

Unlock All Services and Enjoy The Premium Benefits

1 Month Plan

US$ 10

Subscribe Now

Valid For 1 Month

2 Month Plan

US$ 13

Subscribe Now

Valid For 2 Months

3 Month Plan

US$ 15

Subscribe Now

Valid For 3 Months

4 Month Plan

US$ 17

Subscribe Now

Valid For 4 Months

5 Month Plan

US$ 19

Subscribe Now

Valid For 5 Months

6 Month Plan

US$ 20

Subscribe Now

Valid For 6 Months

7 Month Plan

US$ 21

Subscribe Now

Valid For 7 Months

8 Month Plan

US$ 22

Subscribe Now

Valid For 8 Months

9 Month Plan

US$ 23

Subscribe Now

Valid For 9 Months

10 Month Plan

US$ 24

Subscribe Now

Valid For 10 Months

11 Month Plan

US$ 25

Subscribe Now

Valid For 11 Months

12 Month Plan

US$ 26

Subscribe Now

Valid For 12 Months

  • Payment made in INR entitles you to use Test in INDIA only
  • Each test can be attempted only once
 
loading

General Awareness

googleplus facebook

BUSINESS AND ECONOMY - February 2017

Feb 2017

Dec 09, 2020

Amazon Eyes Potential Investment in India's Apollo Pharmacy

  • Amazon.com Inc is considering a nearly $100 million investment in India's pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country's fast-growing drug market.
  • Amazon already delivers medicines in India and the potential investment would come amid rising competition from Mukesh Ambani's Reliance, which bought a majority stake in online pharmacy Netmeds.
  • Tata Group is reportedly in talks to pick up a majority stake in e-pharmacy firm 1mg.

Special Task Force to Boost Qatari Investment into India

  • Prime Minister Narendra Modi and Qatar's Amir Sheikh Tamim Bin Hamad Al-Thani vowed to boost bilateral cooperation in the fields of investment flows and energy security, and decided to create a special task-force to further facilitate investments by the Gulf country into India.
  • The leaders agreed to remain in regular touch and looked forward to meeting in-person after the normalisation of the public health situation caused by the Covid-19 pandemic.

Fresh Bids Invited for Sale of Pawan Hans

  • After two unsuccessful attempts, the government invited fresh bids for strategic sale of Pawan Hans along with transfer of management control.
  • ONGC had earlier decided to offer its entire stake in the company for sale along with government stake.
  • The government owns 51% stake in Pawan Hans, while ONGC holds 49% stake.
  • The Centre has invited EoIs from potential buyers by January 19, 2021.

RBI Cancel's Karad Janata Sahakari Bank's Licence

  • The Reserve Bank of India (RBI) cancelled the licence of The Karad Janata Sahakari Bank with effect from the close of business on December 7, 2020, as the lender does not have adequate capital and earning prospects.
  • The RBI had already imposed select restrictions on the bank since November 2017, besides ordering to appoint a liquidator for the bank.
  • The RBI maintained that the bank has failed to comply with the Banking Regulation Act, and its continuance was prejudicial to the interests of its depositors and the lender. With its present financial position, the bank would be unable to pay its present depositors in full.

Dec 08, 2020

ICICI Bank Launches 'iMobile Pay'

  • ICICI Bank has launched the 'iMobile Pay' app, which offers payments and banking services for all. This app will not be limited to ICICI Bank customers only, and customers of any bank can use this app. This is an online payment system app in line with Google Pay, PhonePe, etc.
  • The banking app iMobile Pay extends the ambit of mobile banking apps which are hitherto restricted to only the customers of the respective banks. At the same time, 'iMobile Pay' eliminates the need to maintain multiple apps—be payments or banking—as it empowers customers to undertake all transactions. In the process, it also offers compelling reasons for users to link their multiple bank accounts to this app.

France's SocGen to Close 600 Bank Branches in Profitability Push

  • France's Societe Generale accelerated plans to boost profitability by merging its two retail banking networks, resulting in the closure of 600 of its nearly 2,100 branches by 2025.
  • With low interest rates continuing to crimp lending income and retail banking margins, France's third-biggest listed lender said the merging of the two networks would save more than 350 million euros ($424 million) in costs in 2024 and nearly 450 million euros in 2025.
  • As per SocGen, the plan will cost between 700 million euros and 800 million euros.
  • European lenders have been cutting branch numbers for years, but opposition from unions and politicians over banking access meant many were unable to cut as many as they wanted.
  • The number of bank branches in the European Union fell from about 238,000 in 2008 to 174,000 at the end of 2018, European Banking Federation figures show.

Abu Dhabi Investment Office Invests in FreshtoHome, Pure Harvest, Nanoracks

  • The Abu Dhabi Investment Office (ADIO) has put in US$41 million in fresh meat and fish e-tailer FreshToHome and two agritech companies – Pure Harvest and Nanoracks – to develop cutting-edge projects in Abu Dhabi with the intent to boost the emirate's agriculture technology capabilities.
  • With the partnership, the three firms will widen their operations in Abu Dhabi as well as gain access to its innovation ecosystem and infrastructure. Meanwhile, the emirate will continue its efforts to accelerate agritech's growth through the AgTech Incentive Programme.
  • Founded in 2015, Bengaluru-based FreshToHome offers cold chain solutions to farmers and fishermen. It also provides an ecommerce platform to sell directly to consumers.
  • Pure Harvest is based in Abu Dhabi and focused on the production of greenhouse fruits and vegetables, while US-based Nanoracks is aiming to build a space-based farming center.

Singapore Airlines and Vistara Sign Commercial Cooperation Agreement

  • Singapore Airlines and Vistara have signed a commercial cooperation framework agreement that will allow them to harmonise efforts in capacity planning, sales, marketing, joint fare products, customer services and operations.
  • The agreement is an extension of a codeshare partnership between the airlines.
  • Strengthening the partnership between SIA (Singapore Airlines) and Vistara will allow both airlines to achieve further synergies on services between Singapore and India, as well as in the key regions of South East Asia, Australia and New Zealand.
  • Vistara is a 51:49 joint venture between the Tata Group and Singapore Airlines.

Kotak MF Launches Fund of Funds, to Invest in East Asian REITs

  • Kotak Mahindra Asset Management Company has launched of Kotak International REIT Fund of Funds, which is India's first diversified Real Estate Investment Trusts (REIT) Mutual Fund. The open-ended scheme will invest in units of SMAM Asia REIT Sub Trust Fund. This MF scheme will have a diversified investment portfolio comprising of listed REITs which will invest in real estate projects such as residential, office, data centres, warehousing, retail and hospitality.
  • Kotak International REIT Fund of Funds offers an opportunity for domestic investors to invest and benefit from growth in real estate market without actually owning the entire asset. REIT owns, operates, or finances income-generating real estate.

Dec 07, 2020

LDF and Congress Flay Centre's Decision to Name Rajiv Institute Campus after RSS Ideologue

  • The ruling LDF and opposition Congress in Kerala on Saturay flayed the Centre's decision to name the second campus of Rajiv Gandhi Centre for Biotechnology here after late RSS ideologue MS Golwalkar, alleging that the BJP was communalising everything and questioned his contribution to science.
  • Amid the opposition to the move, Chief Minister Pinarayi Vijayan urged Union Minister Dr. Harsh Vardhan, to reconsider the decision to name the new campus after Golwalkar and instead name it after some eminent Indian scientist of international repute.
  • The institute is a premier research institution and has been above political divides, Vijayan said in a letter to the Union Minister.
  • The RGCB, which was initially run by the state government, was handed over to the Union Government with an aim of developing it into a centre of international standards in research and development.

India's Coal Import Drops in April-October this Fiscal

  • India's coal import saw a drop of 18.6 per cent to 116.81 million tonnes (MT) during April-October this fiscal as against the same period a year ago.
  • India had imported 143.63 MT of coal during the corresponding period of FY 2019-20, according to a provisional compilation by mjunction services, based on monitoring of vessels' positions and data received from shipping companies.
  • mjunction -- a joint venture between Tata Steel and SAIL -- is a B2B e-commerce company and also publishes research reports on coal and steel verticals.
  • However, the country's coal import increased to 21.50MT in October this year as against 18.28MT in the corresponding month of the previous fiscal, it said.
  • Of the total import in October 2020, non-coking coal was at 14.46MT. In October 2019, the import was 13.57MT. Coking coal import stood at 4.92MT in October 2020, up from 2.79MT imported in the same month last fiscal.

Everstone to Buy Mumbai-based Chemical Maker Calibre

  • Singapore-headquartered private equity fund Everstone Capital will acquire a controlling stake in Calibre, the Mumbai-based specialty ingredients player focused on the pharmaceutical, nutritional and personal care segments.
  • Based in 1984 by Ranjit Bhavnani, Calibre is a number one specialty components participant in iodine derivatives, persulfates and prchlorates. Exports of chemical substances accounted for round 60% of complete income of Calibre Chemical substances. About 35% of Calibre's income is generated from European markets, 25% from the US, 30% from India and relaxation from different markets.

Dec 06, 2020

Denmark Set to End All New Oil and Gas Exploration

  • Denmark will end all new oil and gas exploration in the North Sea, as part of a wider plan to stop extracting fossil fuels by 2050.
  • Its government also agreed to cancel its latest licensing round, which gives firms permission to search for and produce oil and gas.
  • However, the country's latest licensing round was facing uncertainty, after Total of France pulled out in October, leaving only one other applicant.
  • Denmark is currently the largest oil producer in the European Union, although it produces much less than non-EU members Norway or the UK.
  • The decision will cost Denmark about 13 billion kroner (£1.1bn), according estimates by the energy ministry, though it said this amount was subject to substantial uncertainty.

24X7 RTGS from Dec 14; Rs. 5,000 New Limit for Contactless Card Transactions

  • In a bid to give a push to digital payments, the Reserve Bank announced a slew of measures including enhancing the limit for contactless card transactions to Rs. 5,000 and making RTGS transaction facility available round the clock from December 14.
  • The RBI has also decided to grant licence to entities operating payments systems on a perpetual basis, and permitted companies to reapply for licence after one year of rejection of their application or revocation of their licence.
  • The RTGS will be available for customers and inter-bank transactions round the clock, except for the interval between 'end-of-day' and 'start-of-day' processes, whose timings would be duly broadcast through the RTGS system.

RBI Monetary Policy Committee Meeting

  • The RBI held its Monetary Policy Committee meet. During the meet, the Reserve Bank of India has kept the repo rate unchanged at 4%. Repo rate is the rate at which RBI lends to banks. The Reverse Repo Rate is to continue at 3.35%.
  • The meeting concluded that the "Accommodative Stance" of monetary policy is to continue. Accommodative Stance means the apex bank will keep cutting rates in order to inject money in to the financial system. When the accommodative stance of the bank is addressed as "neutral", it means that RBI may alter rates in any direction to control the flow of the currency in the country.
  • The bank rate and the Marginal standing facility were kept unchanged at 4.25%
  • Real GDP for the year 2020-21 has been projected at -7.5%.
  • The Q3 GDP of 2020-21 was projected to grow at 0.1%. In Q4, the GDP is expected to grow at 0.7%.
  • The CPI Inflation for Q3 was projected at 6.8% and for Q4 at 5.8%.
  • The limit of contactless card transaction has been raised from Rs 2,000 to Rs 5,000 per transaction. This is to be implemented in January 2021.
  • The RTGS (Real Time Gross Settlement) system is to be made 24/7 in few days.
 

Dec 05, 2020

HCL's Roshni Nadar Richest Woman in India

  • IT major HCL Technologies' Roshni Nadar Malhotra has topped a list of the richest women in the country with a networth of Rs. 54,850 crore, followed by Biocon's Kiran Mazumdar-Shaw at Rs. 36,600 crore,.
  • A total of 31 women in the list of 100 having a net worth of at least Rs. 100 crore, prepared by Hurun India and Kotak Wealth, are self-made. This includes six professional managers and 25 entrepreneurs.
  • Shaw leads in the self-made category, followed by Radha Vembu of Zoho (Rs. 11,590 crore networth) and Jayshree Ullal of Arista Networks (Rs. 10,220 crore).
  • Interestingly, all the three, Shaw, Ullal and Vembu, also feature in a global rich list prepared by Hurun.

Boeing Cuts 787 Jetliner Production as Deliveries Slow

  • Boeing Co is reducing production of its 787 Dreamliner for the fourth time in 18 months after posting zero deliveries in November as recent production flaws compound delays from the COVID-19 crisis. The reduction to five jets a month from six will take place by mid-2021 and follows a downturn in demand for long-haul jets.
  • Extra quality inspections are taking longer than expected and will continue to slow deliveries in December.

RBI Bars HDFC Bank from Issuing New Credit Cards

  • In an unprecedented move, the RBI has temporarily barred HDFC Bank from launching digital banking initiatives and issuing new credit cards after taking a serious view of service outages at the country's largest private sector lender over the past two years.
  • The RBI's order came, days after the last instance of service outage across its digital banking channels, including internet banking, mobile banking and other payments. The outage, which happened in November, had severely inconvenienced customers.

HCL's Roshni Nadar Richest Woman in India

  • IT major HCL Technologies' Roshni Nadar Malhotra has topped a list of the richest women in the country with a networth of Rs. 54,850 crore, followed by Biocon's Kiran Mazumdar-Shaw at Rs. 36,600 crore,.
  • A total of 31 women in the list of 100 having a net worth of at least Rs. 100 crore, prepared by Hurun India and Kotak Wealth, are self-made. This includes six professional managers and 25 entrepreneurs.
  • Shaw leads in the self-made category, followed by Radha Vembu of Zoho (Rs. 11,590 crore networth) and Jayshree Ullal of Arista Networks (Rs. 10,220 crore).
  • Interestingly, all the three, Shaw, Ullal and Vembu, also feature in a global rich list prepared by Hurun.
Share on
Keep Yourself updated on Latest PTE Exam Pattern

Avail Free Topic-wise Tests and various other offers.

Later Allow